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DHLawrence

SPX - Volatility & Divergence

ProShares Trust Ultra VIX Short Term Futures ETF (AMEX:UVXY)  
DHLawrence  
AMEX:UVXY   ProShares Trust Ultra VIX Short Term Futures ETF
Harmonic Patterns Beyond Technical Analysis Technical Indicators Relative Strength Index (RSI) Divergence SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) es1 UVXY VIX CBOE Volatility Index
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harmonicpatterns beyondta indicator relativestrengthindex divergence spx spy spx500 es1 uvxy vix
Good (middle of the night) to you!

I am exploring this massive structural divergence between the RSI Indicator and the UVXY.

Generally, these divergent patterns signal a reversal… and this is on a long enough range that it is implying a reversal from the bull rally of the SPX, which would result in a a bearish continuation pattern for the SPX.

Good Luck, God Speed, Love & Light to All!
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